A calibrated structural model of the Czech economy

Show simple item record

dc.contributor Suomen Pankki
dc.contributor.author Hlédik, Tibor
dc.date.accessioned 2014-09-22T07:59:18Z
dc.date.available 2014-09-22T07:59:18Z
dc.date.issued 2003
dc.identifier.isbn 952-462-110-X
dc.identifier.issn 0785-3572
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/7952
dc.description.abstract The paper presents a structural model framework for a small open economy.The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic s anticipated EMU accession.In order to be able to use the model for assessing both pre- and post-accession policy issues, two versions of the model fixed and flexible exchange rate versions were developed.The suitability of the two alternative models for policy analysis was subsequently tested on a series of impulse response exercises.The dynamic responses of the two models to selected shocks and policy experiments are plausible.Hence these results suggest that the presented analytic framework can serve as a good starting point for analysing complex policy issues facing the Czech Republic. Key words: monetary policy, monetary union, EMU accession JEL classification numbers: E52, E20, E31, F41
dc.format.extent 50 s.
dc.language.iso eng
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject Tsekki
dc.subject avoin talous
dc.subject mallit
dc.subject EMU
dc.subject rahapolitiikka
dc.subject häiriöt
dc.subject SP
dc.title A calibrated structural model of the Czech economy
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807166
dc.subject.jel E52
dc.subject.jel E20
dc.subject.jel E31
dc.subject.jel F41
dc.series.name Suomen Pankin keskustelualoitteita
dc.series.year 2003
dc.series.number 35/2003
dc.series.sortingnumber 35
dc.date.publication 16.12.2003

Files in this item

Total number of downloads: Loading...

Files Size Format View
111030.pdf 720.1Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record